in Gourinchas and Jeanne (2013) to compute regional investment and saving wedges. By relating those frictions with TFP … catch-up parameters, we find an investment and a saving puzzle: regions that caught up relative to the rest of China seem to … have lower investment rate (higher investment tax) and higher saving (lower saving tax) relative to the prediction of the …

We examine how the policies of Chinese regional governments affect the investment location decisions of firms. Using a … dataset compiled from the reports on the investment decisions of 498 listed Chinese companies headquartered in the provinces … of Guangdong, Jiangsu, Shanghai, and Zhejiang, we estimate discrete choice models of the investment decisions of these …

China from 2003 to 2019, this paper examines the impact of non-local blockholders (NLBs) on cross-regional investment of … more non-local subsidiaries. Finally, we show that the cross-regional investment promoted by NLBs can realize the …